7A Franklin RdGreat NeckNY11024
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Great Neck at 7A Franklin Rd, Great Neck, NY, 11024 with 5% annual appreciation on a $1,250,000 basis while $4,770/mo rent supports operations. 77% in year one. Equity gained on principal adds $8,066/yr, and five-year appreciation sums $345,352 alongside rental yield of 4.58%. Five-year ROI measures 49.03% and total cumulative return in cash totals $198,589. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,770/mo property income versus a $6,118/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11024, Great Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,389 (100%) |
| Owner Occupied HU | 1,693 (70.9%) |
| Renter Occupied HU | 467 (19.5%) |
| Vacant Housing Units | 229 ( 9.6%) |
| Median Home Value | $1,557,692 |
| Average Home Value | $1,563,752 |
Housing Distribution
Address Breakdown
Residential
2,367
Single Family
2,223
Multi-Family
144
Businesses
87
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Listed by: Nathaniel Smith • Oxford Property Group
Mls Name: NY State MLS
Mls ID: #11518314